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(URGENT) Japan lifts export curb on chip materials to S. Korea
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Chinese cranes pervasive at S. Korean ports amid espionage concerns: lawmaker
SEOUL, March 16 (Yonhap) -- Chinese tower cranes suspected of being used as spying tools in the United States are widely used in South Korean ports, a ruling party lawmaker said Thursday, as he called for a thorough investigation into the potential s
S. Korean, UAE firms seek to strike US$5 mln deals: trade ministry
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SEOUL, March 16 (Yonhap) -- South Korea's industry ministry said Thursday it has hosted a business session in the United Arab Emirates (UAE) where companies of both countries sought deals worth US$5 million.The latest event came as Seoul and Abu
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(LEAD) Biz lobbies of S. Korea, Japan to create 'future partnership funds' in sign of thawing ties
(ATTN: UPDATES story throughout with FKI, Keidenren announcement; RECASTS headline, lead; ADDS photo)By Kim Seung-yeon SEOUL, March 16 (Yonhap) -- Business lobbies of South Korea and Japan said Thursday that they will each create a fund to support va
(URGENT) Biz lobbies of S. Korea, Japan agree to create 'future partnership fund' as part of solution to forced labor dispute
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Marriages in S. Korea hit fresh low in 2022
By Kang Yoon-seungSEJONG, March 16 (Yonhap) -- The number of marriages in South Korea crashed to yet another record low in 2022, data showed Thursday, adding to concerns over the country's already plunging birth rate.Around 192,000 couples tied t
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Banks' 2022 net gains 9.6 pct on higher interest income
SEOUL, March 16 (Yonhap) -- South Korean banks saw their 2022 earnings rise nearly 10 percent from a year earlier on sharply increased interest income, data showed Thursday.Their combined net profit came to 18.5 trillion won (US$14.1 billion) last ye
Biz lobbies of S. Korea, Japan to announce cooperation plans after forced labor proposal
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SEOUL, March 16 (Yonhap) -- Business lobbies of South Korea and Japan were set to announce plans Thursday on how they will cooperate in the future, including ways to support youth exchanges, following Seoul's resolution to the row over Japan'
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Banks urged to brace for fallout from 2 bank failures in U.S.
SEOUL, March 16 (Yonhap) -- South Korea's financial authorities called on local banks to ramp up efforts to prepare for possible crises amid the fallout from the collapses of two U.S. banks, officials said Thursday.The call came after the recent
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SK Inc. to sell stake in U.S. car-sharing platform with eyes on Southeast Asia
SEOUL, March 16 (Yonhap) -- SK Inc., the holding company of South Korea's SK Group, said Thursday it is selling its entire stake in a U.S. car-sharing company as it seeks to make further inroads into the fast-growing mobility market in Southeast
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7 companies to recall over 8,800 vehicles over faulty parts
carmakers-recall 7 companies to recall over 8,800 vehicles over faulty partsSEOUL, March 15 (Yonhap) -- Hyundai Motor Co., BMW and five other companies will voluntarily recall over 8,800 vehicles to f
U.S. diplomat to visit S. Korea for talks on energy cooperation
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WASHINGTON, March 15 (Yonhap) -- A senior U.S. state department official will visit South Korea this week for talks on enhancing cooperation on clean energy and global energy security, the department said Wednesday.Geoffrey Pyatt, assistant secretary
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Top biz leaders of S. Korea, Japan to meet in Tokyo after forced labor proposal
By Kim Seung-yeonSEOUL, March 15 (Yonhap) -- Chiefs of top South Korean conglomerates, including Samsung, SK and Hyundai, will meet with key Japanese business leaders in Tokyo this week amid a thaw in bilateral relations following Seoul's proposa
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Trade chiefs of S. Korea, UAE discuss deeper ties in trade, investment
SEOUL, March 15 (Yonhap) -- Top trade officials of South Korea and the United Arab Emirates on Wednesday discussed ways to make tangible results of their economic cooperation drive and to deepen ties in bio, digital and other new industry sectors, Se
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Talks ongoing with GM for potential battery partnership: Samsung SDI CEO
By Kim Seung-yeonSEOUL, March 15 (Yonhap) -- Samsung SDI Co. has been in talks with General Motors Co. for a potential business collaboration, although no details have materialized yet, its chief said Wednesday. Choi Yoon-ho, president and CEO of the
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Korea Ginseng opens R&D center in U.S.
SEOUL, March 15 (Yonhap) -- Korea Ginseng Corp. (KGC), South Korea's leading ginseng products maker, said Wednesday it has opened a research and development center in the United States, as it hopes to make further inroads into the world's lar
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S. Korea-China passenger ferry services to resume after 3 years
SEOUL, March 15 (Yonhap) -- International passenger ferry services between South Korea and China will resume next week after a hiatus of more than three years due to the outbreak of COVID-19, the maritime affairs ministry said Wednesday.A total of 15
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(LEAD) S. Korea to set up world's No. 1 semiconductor cluster in Seoul metropolitan area
(ATTN: UPDATES with President Yoon's remarks; ADDS photo)SEOUL, March 15 (Yonhap) -- South Korea will create the world's largest semiconductor cluster in the Seoul metropolitan area by attracting 300 trillion won (US$229.81 billion) in invest
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S. Korea to set up world's No. 1 semiconductor cluster in Seoul metropolitan area
SEOUL, March 15 (Yonhap) -- South Korea will create the world's largest semiconductor cluster in Yongin, located in the Seoul metropolitan area, by earmarking 300 trillion won (US$229.81 billion) as part of efforts to secure a competitive edge in
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POSCO to donate additional 4 bln won for compensation of forced labor victims
SEOUL, March 15 (Yonhap) -- POSCO Holdings Inc., the country's leading steelmaker, said Wednesday it has decided to donate 4 billion won (US$3.1 million) to support a plan floated by the South Korean government to compensate the victims of forced
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